Dwight Capital LLC provided a $31.15MM HUD 223(f) loan for Outpost 44, a 130-unit apartment complex in Bend, Oregon. Completed in 2022 and situated on five acres of land, the property consists of seven apartment buildings, six townhome buildings and two amenity buildings. The loan was eligible for Green Mortgage Insurance Premium (“MIP”) Reduction set at 25 basis points due to its ENERGY STAR certification as an energy-efficient housing development. Pacific Northwest developer Pahlisch Commercial enlisted McBride Capital to broker the transaction on their behalf.
Located at 643 NE Ross Road, Outpost 44 features 1-, 2- and 3-bedroom apartments as well as 3 bedroom townhomes with connected garages that boast amenities such as a community lounge; game room; fitness center; fire pit; garden area and storage space options. Dwight Capital is one of the country’s leading commercial real estate finance companies specializing in new construction loans FHA/HUD loans mezzanine financing preferred equity investments among other services offered nationwide .
